Blue Ridge Mountain Resources sells Ohio acreage for $56 million

Blue Ridge Mountain Resources has sold a non-operating interest in 21,000 undeveloped Marcellus and Utica shale acres in the Ohio's Monroe and Washington counties to an undisclosed investor for $56 million, according to Marcellus Drilling News. The news site reports the investor will also provide another $36 million for a joint development agreement with Blue Ridge to fund a two-rig oil and natural gas drilling program in southeastern Ohio. Click here to read more.